The euro has climbed above US$1.15 on the back of a softer US dollar, with an expected European Central Bank rate rise in September offering further support through a quiet August.
The EU and national authorities began enforcing the Artificial Intelligence Act on 2 August, as well as new transparency rules requiring certain AI systems to tell users when they are interacting with AI and when content has been generated or altered by it.
The European Commission has adopted measures to help farmers facing sharply rising fertiliser costs and to support Europe’s food security.
The EU Right to Repair Directive, which encourages sustainable consumption by making it easier to repair products instead of replacing them, came into force on 31 July.
The EU has launched a call for tenders to establish up to seven AI Gigafactories across Europe, as part of a latest push to accelerate Europe’s technological sovereignty and ambition of becoming the AI Continent.
The European Commission disbursed €3.47 billion to Ukraine Thursday, provided in response to its urgent military needs under the defence window of the EU’s €90 billion Ukraine Support Loan.
Japan became officially associated to Horizon Europe on 30 July, adding one of the world’s most advanced research and innovation ecosystems to Europe’s network of scientific cooperation.
